Orion Mine Finance announced today that OMF Fund IV SPV G LLC, a limited liability company managed by Orion Mine Finance GP IV LP, completed the Share Sale as part of a broader syndication transaction between Orion and Selwyn for the development of Skeena's Eskay Creek Project in the Golden Triangle. Prior to the closing of the Share Sale, Orion owned 15,440,679 Common Shares, representing approximately 14.4% of Skeena's issued and outstanding Common Shares.
Immediately following the closing of Share Sale, Orion owned 7,720,340 Common Shares, representing approximately 7.2% of Skeena's issued and outstanding Common Shares. Other than in connection with the Share Sale, Orion has no current plan or intentions which relate to, or would result in, acquiring additional securities of Skeena, disposing of securities of Skeena, or any of the other actions enumerated above. Depending on market conditions, Orion's view of Skeena's prospects and other factors Orion considers relevant, Orion may acquire additional securities of Skeena from time to time in the future, in the open market or pursuant to privately negotiated transactions, or may sell all or a portion of its securities of Skeena. This news release is being issued under the early warning reporting provisions of applicable securities laws. An early warning report with additional information in respect of the foregoing matters will be filed and made available under the SEDAR+ profile of Skeena at...Certain statements in this press release are forward-looking statements and are prospective in nature, including statements with respect to Orion's future intentions regarding the securities of Skeena